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Suppose you are valuing a company that is growing its free cash flows at a stable 1.9% annual rate in perpetuity. It is projected to
Suppose you are valuing a company that is growing its free cash flows at a stable 1.9% annual rate in perpetuity. It is projected to generate free cash flows of $168 million next year and its cost of capital is 11.4%. Debt is $343 million, cash balance is $178 million, and shares outstanding is 232 million. What is your estimate for the value of each share? Round to one decimal place.
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